Washington, D.C. 20549

                                    FORM 8-K
                                 Current Report
     Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

                Date of Report (Date of earliest event reported):
                               January 26, 2004

                                    Acola Corp.
             (Exact name of registrant as specified in its charter)

             Delaware                      000-30264                 11-3177042
(State or Other Jurisdiction of (Commission File Number) (I.R.S. Employer
        Incorporation)                               Identification Number)

   5503 Blossom Street
            Houston, TX                             		 77007
 (Address of Principal Executive Offices)                  (Zip Code)

                                 (281) 802-7659
              (Registrant's Telephone Number, Including Area Code)

Item 5.  Other Events and Regulation FD Disclosure.

         On  January 18, 2004,  Acola Corp.,  a Delaware  corporation
("Acola"),entered into a Letter of Intent with Teda Travel Incorporated
("Teda US") and its wholly-owned subsidiary, Teda Hotels Management
Company Limited, a British Virgin Islands corporation (Teda BVI"),
(collectively the "Company"),  whereby Acola, Teda US and Teda BVI will
enter into a transaction (the "Transaction"), probably a share exchange,
which will result in the current shareholders of the Company owning 95.5%
of the total issued and outstanding shares of Acola, with the current
shareholders of Acola  retaining 4.5% of the common stock outstanding after
the close of the transaction. At the close of the Transaction,  it is
contemplated  that all of the current  directors and executive  officers
of Acola will resign in favor of new  directors  and  executive  officers
to be  elected  by the Company  Board of Directors.  The Transaction is
subject to the negotiation  and execution of a definitive Transaction
Agreement.  The transaction is expected to close as soon as practicable
after the execution of the Transaction Agreement.

         Teda US and Teda BVI are members of the Teda Group of Tianjin, China.
Teda Travel provides hotel and resort management services and invests in
real estate development in China.  The Teda Group owns interests in a number
of companies and properties, including hotels, in China.


         Pursuant to the requirements of the Securities Exchange Act of 1934, as
amended, the registrant has duly caused this report to be signed on its behalf
by the undersigned hereunto duly authorized.

                                      ACOLA CORP.,
                                      a Delaware corporation

                                      By: /s/ James N. Baxter
                                         James N. Baxter,

Dated:  January 26, 2004